Form 990-P P

Department of the TreasuryInternal Revenue Service

Return of Private Foundat ionor Section 4947(a)(1) Nonexempt Charitable Tru st

Treated as a Private Foundatio nNote : The o rga nization may be ab le to use a copy of this return to satisfy state

For calendar year 2003 , or tax year beginnin gG Chec k all that apply . Initial return F inal return I

U se the Name of organ izat io n

IRS label . THE WILBUR AND HILDA GLENN FAMIL YOtherwise, Number and street (or P 0 box number if ma il is not del ive red to st reet

prin tor type . 1201 WEST PEACHTREE ST . NW

See Sp eci fi c any or townInstructions . ATLANTA

OM B No 1545-005 2

2003

and endingreturn Address

NDATION

hange I I Name cEmp loyer i dent ificat ion number

58-632889 6Room/suite B Telephone number (see instructions)

SUITE 5000 (404) 815-452 0ZIP code C If exem p tion ap p li cation is pending, ch e c k h ere

30309 D 1 Foreign organizations, check here . HH Ch e c k type of organization X Section 501 (c )(3 exempt private fou n da tion 2 Foreign organiza tions m eeting the 8 5% test, che c k ❑

F-1 Secti on 4947 (a )(1) nonexempt cha rtab l e trust O ther taxab l e private fo undation here and attach com putatio n

(from Part l), column c, line 16)

► $ 105,618,929

year J Accounting method . X Cash Accrual E If private foundation status was terminated~

under section 507(b)(1)(A), check her eOther (specify) F If the foundation is in a 60-month termination

(Part 1, column d must be on cash basis) under section 507(b)(1)(B) . check here

Ana l ysis of Kevenue an (a) Revenue and (b) Net investmentExpen ses (The total of amounts m expenses per books incomecolumns b, c, and d may not neces-sanly equal the amounts in column a . )

1 Contributions, gifts, grants, etc, received (att sch) 6 / U 1 1 b .7 1̀ .

Ck I' Q if the foundn is not req to att Sch B

2 Distributions from split-interest trust s3 Interest on savings and temporar y

cash investments 148,827 .

4 Dividends and interest from securities 203,436 .

5a Gross rentsb (Net rental

income or (loss )

6a Net gain/(loss) from sale of assets not on line 10 10,993,868 .R E b Gross sales prices for all 4-31621,619 .assets on line 6 av 7 Capital gain net income (from Part IV, line 2)Go 8 Net short-term capital gai n

~~ 9 Income modifications

~gn 10 a Gross sales les s~ returns and

allowances:;:- b Less' Cost ofC3 goods sold

. .c Gross profit/(loss) (aft sch)

1 1 Other income (attach schedule)

See Line 11 Stmt 1,045,987 .21 12 Total . Add lines 1 through 11 99,403,777 .4 1 3 Compensation of officers, directors, trustees, et c

1 4 Other employee salaries and wage s15 Pension plans, employee benefits16a Legal fees (attach schedule )

b Accounting fees (attach sch)o N c Other prof fees (attach sch) L -16 C St m t 228, 6 2E T 17 Interes tA A 18 Taxes (attach schedule) Refun d 2001 Excise -13, 493 .R RT T 1 9 Depreciation (attach schedule) and depletion

N v 20 Occupancy .G E 21 Travel, conferences, and meetingsA E 22 Printing and publications . . .D p 23 Other expenses (attach schedule )

E See Line 23 Stmt 1,093 .N5 24 Total operating an d administra tiveS exp enses. Add lines 13 through 23 216,229 .

25 Contributions, gifts, grants paid 5 779,737 .

26 Total ex penses an d disb ursements .Add lines 24 and 25 5,995,966 .

27 Subtract line 26 from line 12 :a Excess of revenue over expensesand disbursements 93 407,811 .

b Net Inve stment I n co me (if negative, enter •0•)

C Adjusted not income (if negative, enter •0-) .

BAA For Pa p erwork R e d uction Act N otice, see the instructions .

148, 827 .203 .436 .

2,075, 6

228 .629 .

228 .629 .

13,193 .157 .

TEEA0301 08/18/03

(c) Adjusted net (d) D isbursementsincome for charitable

purposes(cash basis only )

5,779,737 .

Form 990-PF (2003)

F orm 990- PF 2003 THE WILBUR AND HILDA GLENN FAMILY FOUNDATIONAttached schedules and amounts in the description Beginning of ye.

Pa rt II Balance Sheets co lumn should be fo r end-of - year am ou nts only(See instructions ) (a) Book Value

Assets

L

ab

t

e

N Fe ut i n

dAs Bs aet as n

co er s

1 Cash - non-interest-bearin g2 Savings and temporary cash investment s

3 Accounts receivable It -----------

Less allowance for doubtful accounts 0 -

4 Pledges receivable No _ _ _ _ _ _ _ _ _ _ -

L ess : allowance for doubtful accounts- ------- ---

5 Grants receivable . . .

6 Receivables due from officers, directors, trustees, and otherdisqualified persons (attach schedule) (see instructions )

7 Other notes and loans receivable (attach sch) . 11----- ---- - -L ess- allowance for doubtful accounts 01

-------- -- -8 Inventories for sale or us e

9 P repaid expenses and deferred charges

10a Investments - U S . and state governmen tobligations (attach schedule) . . L-10a Stmt

b Investments - corporate stock (attach schedule) L - l O b Stmt

c Investments - corporate bonds (attach schedule) . . . .

11 Investments - land, buildings, an dequipment: basis -

----- ------Less: accumulated depreciation(attach schedule) .. -

----- - -----12 Investments - mortgage loan s

13 Investments - other (attach schedule) L-13 Stmt .

14 Land, buildings, and equipment . basis 01- - - ------ --

Less• accumulated depreciatio n(attach schedule) No ---- --------

15 Other assets (describe 0 _____ _________ ___ ,16 Total assets (to be completed by all filers -

see instructions . Also, see page 1 , item I)

17 Accounts payable and accrued expense s

22 Other liabilities (describe 01 61

.967 .166 .1 64 .514 .708 .

18 Grants payable . . . . . . . .

19 Deferred revenue20 Loans from officers, directors, trustees, & other disqualified person s

21 Mortgages and other notes payable (attach schedule) . . .

7 .892 .317 .1 101,332 .203

23 Total liabilities (add lines 17 through 22)

Organizations that follow SFAS 117 , check hereand complete lines 24 through 26 and lines 30 and 31 .

24 Unrestricted . . . . . . .

25 Temporarily restricted

26 Permanently restricte d

Organ i zations that do not follow SFAS 117 , check hereand complete lines 27 through 31 .

27 Capital stock, trust principal, or current funds . .

28 Paid-in o r c a p ital surplus, or lan d , building, a nd equipment fun d

29 Retained earnings, accumulated income, endowment, or other funds

30 Total net assets or fund balances (see instructions) .31 Total liabilities and net assets/fund balances

(s ee instruc t ions)

Part III Analysis of Changes in Net Assets or Fund Balances

58-632 e 2E nd of

(b) Book Value (c) F air Mar k et Value

5,904,119 .E 11,522,511 .E 11,522,511 .

17 506 641 . 17 535 820 .1 .988 .198 . 10.335 .885 . 12,045,890 .

7 . 892 . 3 1 7 . 1 101 , 332 . 203 .

7 . 89 2 . 31 7 . 1 101 , 332 ,203 .

7, 89 2, 31 7 . 1 1 0 1, 332 , 203 .

1 Tot al net assets or fu n d b al ances at be gi n nin g of ye a r - Part I I, co l um n (a), l ine 30 (m us t agree withe n d -of-year fig u re r eport e d on p ri o r yea r's r et urn )

2 E n te r amou n t from Pa rt I, l i ne 27a . .

3 Other increases not include d in line 2 (itemize) ► Glenn-Memor i al-Foundation--------------- - ---------- - -

4 Add lines 1, 2, and 3 . . . . . . . . .

5 Decrea ses not incl ud ed in l in e 2 (itemize) . ------------------------------6 Total net as se ts o r f u nd bal a nces at end of year ( l in e 4 min us l ine 5 ) - Part I I , co lumn ( b ), l ine 30

BAA TEEA0302 08/15/03

10 5, 618 , 929 .

7,892,317 .

93,407,811 .

32,075 .101 .332 .203 .

Form 990 -PF (2003)

Form 990-PF (2003) THE WILBUR AND HILDA GLENN FAMILY FOUNDATIONPart IV Capital Ga i ns and Losses for Tax on Investment Income

(a ) List and describe the kind(s) of property sold (e .g ., real estate,2-story brick warehouse ; or common stock, 200 shares MLC Company)

la Clover Capital P

bPrivate Capital P

cFred Alger Large Cap P

d Fred Alger Mid Cap P

e See Attached Part IV, Line 1 Stmt

58-6328896 Page 3

How acquired C Date acquired I (d) Date sol dP - Purchase (mont h , day, year) (month, day, year)D - Donation

11/27/02 various12/29/03 various10/31/02 various04/10/03 variou s

(h ) Gain or (loss)(e) plus (f) minus (g)

482,267 .

10,143 .

1,007,877 .

1 .553 .919 .

(e) Gross sales price (0 Depreciation allowed (g) Cost or other basi s

b

c

d

e

a

b

c

d

e

3 , 570 , 518 .61, 174 .

8 , 732 , 260 .

0 . 470 . 842 .

(or a l lowab l e) plus expense of sale

3,088,251 .51,031 .

7,724,383 .

8,916 .923 .

)m lete only f or a s sets showing gain in co l u m n (h) a n d ow n ed b% th e fou nd ation o n 12 /31 / 6 9

(i) Fa i r Ma r ket Va lue (j) Adj u s ted basi s (k) Excess of co l um n (i)as of 12/31/69 as of 12/31/69 over column 0), if any

482,267 .

10,143 .

1,007,877 .1,553,919 .7 .939 .662 .

2 Cap i tal gain net inco me or (n e t cap ita l l oss) .f gain , al so en ter in P a rt I, li ne 7

-[If (l oss), enter •0 - i n P ar t I, line 7 2 10 , 993, 868 .

3 Net sho rt - term cap ita l gain o r (loss) as de fi ned i n sec tio ns 1 222(5) an d ( 6) :

I f ga i n , a l so e n te r i n Pa r t I , l ine 8 , col umn (c) (see in st ru c t ion s) . I f (l o ss), enter -0 -in Part I, line 8 3

Part V Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(Fo r op t io n al u s e by d o mes tic pr ivate f ou ndat i ons subj ect to the sect ion 4940 (a ) t ax on net investme n t i n come )

If sect ion 4940 (d)(2) app li es , leave th i s pa rt bl a n k

Was the or ga niza tion l i a b l e fo r th e s e ct i on 4942 tax on th e di st ributabl e am o unt of a ny yea r in the base p erio d? . Yes No

If 'Yes,' the organization does no t qua l ify u nder sect io n 4940 (e ) Do no t c omp lete th is pa r t

1 Enter the appropriate amount in each column for each year, see instructions before making any entrie s

(b) c) (d)Base period years Adjusted qualifying distributions Net value of D istribution ratio

Calendar year (or tax year noncharitable-use assets (column (b) divided by column (c) )beginning in)

2002

200 1

2000

1999

1998

5,137 .

5,921 .

8,305 .

6 .710 .

14 , 106, 89 2 .86 ,0 48 .

1 03 ,5 31 .125, 174 .149,616 .

2 Total of line 1, column (d) . .

3 Average distribution ratio for the 5-year base period- divide the total on line 2 by 5, or by thenumber of years the foundation has been in existence if less than 5 years . . .

4 Enter the net value of n oncha ri tab l e - u s e assets for 2003 from Pa rt X , l i ne 5

5 Multiply line 4 by line 3

6 Enter 11% of net investment income (I% of Part I, line 27b )

7 Add lines 5 and 6 . 7

0 .051138

0 .059699

0 .057191

0 .066348

0 .044848

0 .279224

0 .05584 5

85,278,045 .

4,762,352 .

131,932 .

4,894,284 .

8 Enter qualifying distributions from Part XII, l i ne 4 . . . . . . 1 8 1 5,779,737 .

I f line 8 i s eq ual t o or g r eater than li ne 7 , chec k t he box i n P ar t VI , l i ne 1 b, and c omple t e that pa rt using a 1 % t a x rate . See th ePa rt VI instructions .

BAA Form 990 - PF (2003)

( I) Gains (Column (h)gain minus c ol u mn ( k), b ut no t less

than -0-) or Losses (from column (h) )

2

3

4

. . I 5

TEEA0303 08/ 15I03

Form 990-PF 2003 THE WILBUR AND HILDA GLENN FAMILY FOUNDATION 58-(

Part VI Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948 - see i

1 a Exempt operating foundations described in section 4940(d)(2), check here 0- and enter'N/A' on line 1 .

Date of ruling letter . _ _ _ _ _ _ _ (attach copy of ruling letter if necessary - see instructions)b Domestic organizations that meet the section 4940(e) requirements in Part V ,

check here 0' X and enter 1 % of Part I, line 27b

c All other domestic organizations enter 2% of line 27b Exempt foreign organizations enter 4% of Part I, line 12, column (b) _

2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only Others enter -0-)

3 Add lines 1 and 2 . . . .

4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only . Others enter -0-)

5 Tax based on investment income . Subtract line 4 from line 3 . If zero or less, enter -0-

6 Credits/Payments :

a 2003 estimated tax pmts and 2002 overpayment credited to 2003 . . . . . . 6a 820 .

b Exempt foreign organizations - tax withheld at source 6b

c Tax paid with application for extension of time to file (Form 8868) 6c 132, 000 .

d Backup withholding erroneously withheld 6d

7 Total credits and payments . Add lines 6a through 6 d

8 Enter any penalty for underpayment of estimated tax Check here F] if Form 2220 is attached . . . .

9 Tax due . If the total of lines 5 and 8 is more than line 7, enter amount owed . .

10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid . .

11 Enter the amount on line 10 to be : Credited to 2004 estimated tax 888 . RefundedPart VII-A Statements Regardinq Activities

28896 Page 4;truction s

1 131 932 .

A2 0 .3 131 932 .4 0 .5 131 .932 .

7

1 a Dunne the tax year, did the organization attempt to influence any national, state, or local legislation or did itparticipate or intervene in any political campaign? . . . . .

b Did it spend more than $ 100 during the year (either directly or indirectly) for political purposes (see instructions for definition) ?

If the ans wer is 'Yes' to la or 16, attach a detailed description of the activities and copies of any matenals publishedor distributed by the organization in connection with the activities

c Did the organi z ation file Form 1120 - POL for this year? . . . . . . . . . . .d Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the yea r

(1) On the organization P.$ 0 . (2) On organization managers I. $e Enter the reimbursement (if any) paid by the organization during the year for political expenditure tax imposed on

organization managers P.$ 0 .

2 Has the organization engaged in any activities that have not previously been reported to the IRS

If 'Yes,' attach a detailed description of the activities .

3 Has the organization made any changes, not previously reported to the IRS, in its governing instrument, articlesof incorporation, or bylaws, or other similar instruments If 'Yes,' attach a conformed copy of the changes

4a Did the organization have unrelated business gross income of $1,000 or more during the year

b If 'Yes,' has it filed a tax return on Form 990 -T for this year? . . . .

5 Was there a liquidation, termination, dissolution, or substantial contraction during the year? . . .

If 'Yes,' attach the statement required by General Instruction T.

6 Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either :

• By language in the governing instrument or

Yes No

1a X

1b X

. . 1c X

0 .

• By state legislation that effectively amends the governing instrument so that no mandatory directions tha t conflic twith the state law remain in the governing instruments . . . .

7 Did the organization have at least $ 5,000 in assets at any time during the year? If 'Yes,' complete Part ll, column (c), and PartXV . .

8a Enter the states to which the foundation reports or w ith w hich it is registered (see instructions) . . . " Georg a

3 XXX

X

X

--------------------------------------------------------b If the a ns w er is 'Yes' to l ine 7, h as the organi zation f urnis h ed a copy of Form 990- PF to the Attorney Gener a l

(or de si gnate) of each state as required by Gen e ral Instruction G? If 'No, 'attach explanation . . 8b X

9 Is the or gani z ation c l aimi n g status a s a priva te operating foundatio n w ithin the meaning of section 494 2(j)(3) or 49 42(j)(5) for calend a r year 2003 o rthe taxable year beginning in 2003 (see instructions for Part XIV)? 1/'Yes,'complete PartXIV . . 9 X

10 Did any pe r sons become sub s tan ti a l c o ntr i buto rs during t he tax years 10 X

If 'Yes,' attach a schedule listing their names and addresses

11 Did t h e o rga nizat i on comp ly wi t h the p ubl ic insp ec t io n r eq u i remen ts fo r i ts a n n ua l re turns and exemp t ion appl ica tion? 11 X

Web site address . . . . 11 N /A------------------------- ------- -- - ------12 The books are in care of ► S h a r on R . F i she r, CPA Telephone no ► (404) 81 5- 452 0

Located at ► 1201 W . Peachtree St . Suite 5000, Atlanta GA Z I P + 4 ► 30309=3449__ _13 Section 4947(a )( 1 ) nonex e mpt c har i tab l e tru sts fi li ng For m 990 - PF in l i eu of Form 1041 - Check h ere 11N.

and enter the amount of tax-exempt interest received or accrued during the year 1 3

BAA Form 990 - PF (2003)TEEA0304 08/ 15/03

Form 990 - PF (2003) THE WILBUR AND HILDA GLENN FAMILY FOUNDATIO NPart VII -B Statements Regarding Activities for Which Form 4720 May Be R

File Form 4720 if any i tem is che c ked in the 'Yes' column , un l ess an except i on appl i es .1 a During the year did the organization (either directly or indirectly)-

(1) Engage in the sale or exchange, or leasing of property w ith a disqualified persons

58-6328896 Page 5

Yes No

Yes E] No II

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from) adisqualified persons Yes X No

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? Yes X No

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? Yes X No

(5) Transfer any income or assets to a disqualified person (or make any of either availabl efor the benefit or use of a disqualified person) [] Yes No

(6) Agree to pay money or property to a government officials (Except i on . Chec k 'No' if th eorganization agreed to make a grant to or to employ the official for a period after terminatio nof government service, if terminating w ithin 90 days .) . . 11 Yes E] No

b If any answ er is 'Yes' to 1 a(1)-(6), did any of the acts fail to qualify under the exceptions described inRegulations sec t ion 53 .4941 (d)-3 or in a current notice regarding disaster assistance (see instructions)?

Organizations relying on a current notice regarding disaster assistance check here .

c Did the organization engage in a prior year in any of the acts described in 1a, other than excepted acts ,that were not corrected before the first day of the tax year beg inning in 2003? . . . . . .

2 Taxes on failure to distribute income (section 4942) (does not apply for years the organization was aprivate operating foundation defined in section 49420(3) or 49420)(5)) .

1b► ~

1c X

a At the end of tax year 2003, did the organization have any undistributed income (lines 6dand 6e, Part XIII) for tax year(s) beginning before 2003? [] Yes El No

If 'Yes,' list the years 0' 20 _ , 20 _ , 20 _ , 1 9

b Are there any years listed in 2a for which the organization is n ot applying the provisions of section 4942(a)(2)(relating to incorrect valuation of assets) to the year's undistributed incomes (If applying section 4942(a)(2) toall years listed, answer 'No' and attach statement - see instructions ) . . . . . . . .

c If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here .

li~ 20 20 20 , 1 9

3a Did the organization hold more than a 2% direct or indirect interest in any busines senterprise at any time during the years . . .. [] Yes X~ N o

b I f 'Yes,' did it have excess business holdings in 2003 as a result of (1) any purchase by the organizationor disqualified persons after May 26, 1969 ; (2) the lapse of the 5-year period (or loner period approvedby the Commissioner under section 4943(c)(7)) to dispose o f holdings acquired by gift or bequest ; or(3) the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, todetermine if the organization had excess business holdings In 2003) 3b

4a D id the organization invest during the year any amount in a manner that w ould jeopardize itscharitable purposes? . . . . . . . . . . . . . . 4a

b D id the organization make any investment in a prior year (but after December 31, 1 969) that coul djeopardize its charitable purpose that had not been removed from jeopardy before the first day o fthe tax year beginning in 2003 4b

5a During the year did the organization pay or incur any amount to :

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? [] Yes No

(2) Influence the outcome o f any specific public election (see section 4955) ; or to carryon, directly or indirectly, any voter registration drive? . . B Yes XB No

(3) Provide a grant to an individual for travel, study, or other similar purposes? Yes X No

(4) Provide a 909(a)(1)

, ra t n organization other than a charitable, etc, organization described ❑X Noin section (2), or or section 4940(d)(2)? Yes❑

(5) Provide for any purpose other than religious, charitable, scientific, literary, oreducational purposes, or for the prevention of cruelty to children or animals? E] Yes El N o

b If any ans w er is 'Yes' to 5a(1)-(5), did any of the transactions fail to qualify under the exceptionsdescribed in Reg ul at io ns se c tio n 53 4945 o r in a c u rre n t n ot i c e rega rdi n g d isas ter a ss ist an c e(see instructions)? . . .

Organizations relying on a current notice regarding disaster assistance check here . ~

c If the ans w er is 'Yes' to question 5a( 4), does the organization claim exemption from thetax be cause i t main ta in ed expend itu re re s p o n s ibi l ity f or th e g rants Yes No

I f ' Yes ,' attach the sta temen t req uired by Regula ti ons secti on 53 4945 - 5 (d)

6a Did t he organization, during the year , re c e ive a ny fun ds , d ir ec t ly o r in d ire c tl y , t o pa y p rem ium son a persona l be nefi t cont r a c t? 11 Yes XQ No

b Did the organiza ti on, during the ye a r , pay p r em iu m s, d ir ectly o r in d irec tl y , o n a persona l be n ef it co ntra ct

I f you answered 'Yes ' to 6b, a lso file Fo rm 8870

BAA lEEA0305 08/15/03

5b

X

X

F orm 990 - PF (200 3)

Form 990 - PF 2003 -THE WILBUR AND HILDA GLENN FAMILY FOUNDATION 58-6328896 Page 6Part VIII Informat i on About Off icers, D irectors, Trustees, Foundat i on Managers, H ighly Pa id Employees ,

and Contra ctors1 List all officers, di rectors , trustees, foundation managers and the i r compensation (see instructions) :

(b) Title and average (c) Compensation (d) Contributions to (e) Expense account,

(a) Name and address hours per w eek (If not paid , enter -0-)employee benefit other allowances

devoted to position plans and deferre d

Thomas K . Glenn, II Pres ./Trustee---------------------Atlanta 20

Louise-R .-Glenn Trustee----------------------Atlanta 2

Henry_Bowden, _Jr .___________ Sec ./Trustee

Atlanta 0

See Part VIII, Line 1 Stm t

2 Compensat i on of five h i ghe st- pa i d emp

(a) Name and address of each employeepaid more than $50,000

NONE------------------------

------ ---------- --- -----

---- -- -------- --- ----- --

0 .

1 0 .

(other than those included on line 1 - see in

(b) Title and average ( c ) Compensationhours per wee k

devoted to position

0

0 . 0 .

0 .

0 . 1 0 .actions). If none , enter ' NONE.'(d) Contributions to (e) Expense account,employee benefit other allowances

plans and deferredco m p ensatio n

Total number of other employees paid over $50,000 0.

3 Five highest-paid independent contractors for professional se rvices - see instructions). If none , enter 'NONE.'

(a) Name and address of each person paid more than $50,000 (b) Type of serviceBALLAMOR CAPITAL MANAGEMEN TWAYNE, PA 19028 INVESTMENT ADVISORY

------ ---------- -- ------------------ - -

----- ---- --- ------ ---- ---------- ------

------ -------- --- ------ ----------- -- --

--------- -------- --- ----------- ------ -

Total number of others receiving over $50,000 for professional s e

Part IX-A Summa ry of D irec t Charitable Act ivities

List the fo un datio n's f our largest direct charita b le activities during t he tax year Include relevant statistical information such as the number oforganizations and other beneficiaries served, confer e nc e s convene d , research papers prod uced, etc.

N

on

75, 0

►~ Non

Expense s

1 N/A--- --- ---- ---------------- -------- -------- - -------- ---

- ----- -- ----------------- -- ------- ------ -- -------- - --- 0 .

2--- ------ ------- ---- ----- ------------------ -- ---- ---- -

- --------- ------- ----- ----- ---- ------- -- ---- ---- -- ----

3- ------- ------------ -- ----------- - ----- ------- - -------

- ------ --- ----------------- ---------- ----- -- ------ --- -

4 ------------------------------------------------------

------------------------------------------------------

gqq TE EA 030 6 08/15/03 Form 990- PF (2003)

Form 990- PF (2003) THE WILBUR AND HILDA GLENN FAMILY FOUNDATION 58-6328896 Page l

Part IX -B Summa ry of Prog ram -Related I nves tments (see instructions )

Desc ribe the two lar ram-related investments made the tax vea r o n l in es 1 and 21 None------ ---------- --- - - --------- -- ------- - ------- -------

----- --- ---- --- --------------------- - --------- -- ------

2----- ----------- -- ------ --- ------------------ ---------

A ll other program-related investments See instructions .

3-- ---- ------- -- ----------- -------- -- ----- -------------

Total . Add lines 1 through 3 1-1 Non e

Part X Minimum Investment Return (Al l d om est ic fo undatio ns must comp l e te this p art Fo re ig n fo undat i ons , see i ns tru c ti ons )

1 Fair market value of assets not used (or held for use) directly in carrying out cha ri table , etc, purposes :a Average monthly fair market value of secu ri ties . . . . .

b Average of monthly cash balances . . . . . . .

c Fair market value of all other assets (see instructions) . . . . . .

d Total (add lines la, b and c) . . . . . .

e Reduction claimed for blockage or other factors reported on lines 1 a and 1 c

(attach detailed explanat i on) I 1 e

2 Acquisition indebtedness applicable to line 1 assets . . . .

la 32 704 458 .1b 17 400 875 .1c 36 471 362 .1d 86,576 .695 .

2 0 .3 Sub t ract line 2 from line ld . . . 3 86,576,6959

4 Cas h deemed he ld for charit a ble act i vit i e s E n ter 1 - 1 /2% o f l ine 3 (fo r g re ate r amount, see instruct io n s) 4 -1,29-8,650m

5 Net value of noncharitable -use assets. Subtract line 4 from line 3 . Enter here and on Part V, line 4 . . . . 5 85,278,045 .

6 Minimum investment return . Enter 5% of line 5 6 4,263 902 .

Distributable Amount (see instructions) (Section 49420)(3) and 0 )(5) privateforeign organizations check here 0'

1 Minimum investment return from Part X , line 6 . . . . . . . . . .

2a Tax on investment income for 2003 from Part VI, line 5 . . 2 a

b Income tax for 2003 . (This does not include the tax from Part VI) 2b

c Add lines 2a and 2b . . .

3 Distributable amount before adjustments Subtract line 2c from line 1 . . .

4a Recoveries of amounts treated as qualifying distributions 4a

b Income distributions from section 4947(a)(2) trusts . . 4b

c Add lines 4a and 4b . . . . . . . . . . .

5 Add lines 3 and 4c . . . . . . . . . . . .

6 Deduction from dist ributable amount (see instructions) . . . .

7 Distributable amount as adjusted Subtract line 6 from line 5 Enter here and on Part XIII ,

Part XII Qualifying Distributions (see instructions)

1

operating foundations and certain

and do not complete this part .)

1 4,263,902e

1,932 .

2c 131 932 .

3 4,131,970 .

4 c

5 4,131,970 .

6

7 4,131,970 .

1 Amounts paid (including administrative expenses) to accomplish charitable, etc, purpose sa Expenses, contributions, gifts, etc - total from Part I, column (d), line 26 . . la 5,779,737 .

b Program-related investments - Total from Part IX- B . . . 1 b 0 .

2 Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc, purposes 2

3 Amounts set aside for specific charitable projects that satisfy the :a Suitability test (prior IRS approval required) 3a

b Cash distribution test (attach the required schedule) 3 b

4 Qual ifying distributions Add lines 1a through 3b Enter here and on Part V, line 8 , and Part XIII, line 4 4 5,779,737 .

5 Organizations that qualify under section 4940(e) for the reduced rate of tax on net investment income .Enter 1 % of Part I, line 27b (see instructions) 5 131,932 .

6 Adjusted qualifying d i stributions . Subtract line 5 from line4 6 5, 647,805 .

Note : The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundationqualifies for the sec ti on 4940(e) reduc ti on of tax in those years.

BAA Form 990-PF (2003)

0

TEEA0307 08/15/02

Form 990 - PF (2003) THE WILBUR AND HILDA GLENN FAMILY FOUNDATION 58-6328896 Page 8

Pa rt XIII Und istr i buted Income (see instructions)

1 Distributable amount for 2003 from Part XI,line 7 . . . . .

2 Undistributed income, if any, as of the end of 2002 :

a Enter amount for 2002 onl y

b Total for prior years- 20 O 1 , 20 00 , 1 9 99

3 Excess distributions carryover, if any, to 2003

a From 1998 0 .

b From 1999 0 .

c From 2000 0 .

d From 2001 0 .

e From 2002 0 .

f Total of lines 3a through e . . . .

4 Qualifying distributions for 2003 from Part

XII, line 4 . 01 $ 5,779,737 .

a Applied to 2002, but not more than line 2 a

b Applied to undistributed income of prior years(Election required - see instructions)

c Treated as distributions out of corpus(Election required - see instructions)

d Applied to 2003 distributable amoun t

e Remaining amount distributed out of corpus .

5 Excess distributions carryover applied to 200 3(If an amount appears in column (d), thesame amount must be shown in column (a) )

6 Enter the net total of each column asindicated below :

a Corpus Add lines 3f, 4c, and 4e Subtract line 5

b Prior years' undistributed income . Subtractline 4b from line 2 b

c Enter the amount of prior years' undistribut-ed income for which a notice of deficiencyhas been issued, or on which the section4942(a) tax has been previously assessed

d Subtract line 6c from line 6b . Taxableamount - see instructions

e Un d istr i bute d income for 2002 S ubtract line 4a fro mline 2a . Taxable amount - see instructions

f Undistributed income for 2003 . Subtract lines4d and 5 from line 1 This amount must bedistributed in 2004

7 Amounts treated as distributions out ofcorpus to satisfy requirements imposedby section 170(b)(1)(E) or 4942(g)(3)(see instructions )

8 Excess distributions carryover from 1998 notapplied on line 5 or line 7 (see instructions)

9 Excess distributions carryover to 2004.Subtract lines 7 and 8 from line 6a . . .

10 Analysis of line 9-

a Excess from 1999 0 .

b Excess from 2000 0 .

c Excess from 2001 0 .

d Excess from 2002 0 .

e Excess from 2003 980,909 .

BAA

(a) b c (d)Corpus Years prior to 2002 2002 200

3

4

666 858 .

0 .

0 .

666 .858 .

0 .

0 .4 .1 31 . 970 .

980 . 909 .

0 .

0 .

0 .

0 .

0 .

0 .

09 .

lEEA0308 08 / 15/03

Form 990-PF (2003)

F orm 990-PF 2003 THE WILBUR AND HILDA GLENN FAMILY FOUNDATION 58-632Part XIV Pr i vate Operat ing Foundations (see i nstruct i ons and Part vii-A, question 9)

1 a If the foundation has received a ruling or determination letter that it is a private operating foundation, and the rulingis effective for 2003, enter the date of the ruling . . .

b Chec k box to indicate whether the organi zat ion is a private o eratin foundation described in section 4942

2a Enter the lesser of the adjusted net Tax year Prior 3 yearsincome from P art I or the minimum a 2003 b 2002 c 2001 d 2000investment return from Part X foreach year liste d

b 85% of line 2a . . .c Qualifying distributions from Part XII,

line 4 for each year liste d

d Amounts included in line 2c not used directlyfor active conduct of exempt activities

e Qualifying distributions made directlyfor active conduct of exe mpt activitiesSubtract line 2d from line 2c . . .

3 Complete 3a, b, or c for th ealternative test relied upon .

a 'Assets' alternative test - enter

(1) Value of all asset s

(2) Value of assets qualifying undersection 49420)(3)(B)(i )

b 'Endowment' alternative test - Enter 2/3 ofminimum investment return shown in Part X,line 6 for each year listed

c 'Support' alternative test - enter :

(1) Total support other than grossinvestment income (interest,dividends, rents, paymentson securities loans (section512(a)(5)), or royalties)

(2) Support from general public and 5 ormore exempt organizations as provide din section 4942(j)(3)(B)(ui) . .

(3) Larges t amount of support fro man exempt organization . .

(4) Gross investment incom e

art XV Supplementary Information con1 Information Regarding Foundation Managers :

396 Page 9N/A

10.

or 49420)(5)

(e) Tota l

this pa r t only if th e orp amza tion had $5,000 or m o re i n a ss ets at any ti me duri ng the

a List any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation before theclose of any tax year (but only if they have contributed more than $5,000) . (See section 507(d)(2) . )

NON E

b List any ma n age r s of the fo undation who own 10% o r mo re of the sto ck o f a co rp oratio n (o r an equa ll y l arge po rtion of the own er s h ip ofa pa r tners hi p o r othe r ent ity) o f whi ch the fou ndati on has a 1 0% or great er in te r est .

NON E

2 Information Regarding Contribution , Grant , Gift , Loan , Scholarship , etc , Programs :

Check here ' El if the organization only makes contributions to preselected charitable organizations and does not accept unsolicited

requests for funds . If the organization ma k es gifts, grants, etc, (see instruc t ions) to individuals or organizations under other conditions,

complete items 2a, b, c, and d

a The name, address, and telephone number of the person to whom applications should be addressedThe Foundation does not accept unsolicited requests for funds .

b The form in wh ic h app lica tion s should be sub m i t ted a n d in fo rma tio n and mater ials the y s houl d i nc lu de :n/ a

c Any submission deadlines •n/ a

d Any restrictions or limitations on a w ards, such as by geographical areas, charitable fields, k inds of institutions, or other factors'

n/ a

BAA TEEa0309 08 / 15/03 Form 990-PF ( 2003)

Form 990 - PF 2003 THE W IL B UR AND HILDA GLENN FAMILY FOUNDATION 58-632 8896 Page 10

Part XV Supplementary Information (continued )

3 Grants and Contributions Paid During the Year or Approved for Future Payment

If recipient is an individual, Fo un da tio nRe ci p i en t show any relations h ip tostatus of Pu

r po s e of g rant or Amountany foundation manager or recipient contributio nName and add ress ( h ome o r busin e s s) su bstantia l contri b utor

a Paid during the yea r

Center for the Visually Impaire763 Peachtree St, Atlanta GA

East Lake Community Foundation2606 Alston Dr . Atlanta, GA

Hands On Atlanta, Inc .1605 Peachtree St, Atlanta, G A

PATH Foundation, Inc .1601 W Peachtree St, Atlanta G A

The Westminster School s1424 W Paces Ferry, Atlanta,G A

Whitefoord Community Program1353 DuPont Ave, Atlanta, G A

Winship Cancer Institute of Emory Universit

Clifton Rd, Atlanta, GA

Tota l

b Approved for future paymen t

Total

129,737 .

1,025,000 .

7 5, 000 .

500 , 000 .

2 , 500 , 000 .

1, 0 5 0 , 000 .

500,000 .

Sal 5,779,737 .

0- 3

BAA

Private Challenge grant toOp . Fdn diversify funding sources

PrivatelFundafter - school&summer

Op . F CJ II program, and building constructio n

Public (Implement the EarnedCharity Income Program

Private Fund Phase III of PATH'sOp . Fdn31 miles of trail s

Public (Fund the Glenn Institute for

C har 1 ty P h il an t hr opy a n d S ervic e Learnin g

Public ITo expand services and

Charity fund continuing operation s

Public To a c qui re the MALDI T O F massC h ar i ty spectromet e r for cancer researc h

TEE A0310 1 Z 10/03 Form 990 • PF (2003)

F orm 990-PF(2003) THE W IL B UR AND HILDA GLENN FAMILY FOUNDATION 58-6328896 Page 11

Part XVI-A Analysis of Income - Producing Activitie s

Enter gross amounts unless othe rw ise i nd icated Unrela ted b usi ness in come Ex cluded by sectio n 512, 513, or 51 4

1 P rogram service revenue :

(a) (b)Bus iness Amo unt

codeExclu- Amount Related or exemptsion function incomecode (see instructions)

a

b

c

d

e

f

g Fees and contracts f ro m gove rnm e n t a ge nc ie s

2 Member sh ip dues and assessments . .

3 Interest on savin gs an d temporary cash investments . . 14 148,827 .

4 D ivi de n ds a n d in t erest fro m sec uri t i e s 14 203,436 .

5 Net renta l inco me or ( loss) from rea l estate-

a Debt -financed pro perty . . . . . .

b Not debt-financed property .

6 Net rent a l income or (loss) from p ersonal pro perty

7 Other investment income

8 Ga in or (loss) from sales of assets other than inv entory 18 10,993,868 .

9 Net inco me o r (loss) fro m sp e c i al e v ents . .

10 Gross p ro f it or (los s) f ro m s a les of in v entory

11 Other revenue :

a-Partnership Distributions 14 1,045,987 .

b

c

d

e

12 Subtotal . Add columns (b), (d), and (e) 12,392,118 . 1

13 Total . Add line 12 , co l umns ( b ), (d), and ( e ) 13 12,392,118 .

( See worksheet in the ins tr uct io ns for l ine 13 to verify ca lc u lat ion s .)

Part XVI -B Relationship of Activities to the Accomplishment of Exempt Purpose s

BAA TEEA0501 08/ 15/03 Form 990 - PF (2003)

Form 990- PF (2003) THE WILBUR AND HILDA GLENN FAMILY FOUNDATION 58-6328896 Page 1 2Information Regarding Transfers To and Transactions and Relationships With NoncharitableExemat Organizations

Yes No1 Did the organization directly or indirectly engage in any of the follow in g with any other organizatio n

described in section 501(c) of the Code (other than section 501 (c)(3) organizations) or in section 527 ,relating to political organizations ?

a Transfers from the reporting organization to a noncharitable exempt organization of(1) Cash . . . . 1 a 1 X

(2) Other assets 1 a 2 X

b Other transactions :

(1) Sales of assets to a noncharitable exempt organization . 1 b (1) X

(2) Purchases of assets from a noncharitable exempt organization 1 b (2) X

(3) Rental of facilities , equipment, or other assets . . . . 1 b 3 X

(4) Reimbursement arrangements . . . . . . . . 1 b (4) X

(5) Loans or loan guarantees . . . . . . . . 1 b (5) X

(6) Performance of services or membership or fundraising solicitations . . . . 1 b (6) X

c Sharing of facilities, equipment , mailing lists, other assets , or paid employees . . . . . . . 1 C X

d If the answer to any of the above i s ' Yes , ' complete the follow ing schedule Column (b) should always show the fair market value o f

Under penalties of penu ry , I declare that I have examined this return , including accomp ;complete Declaration of preparer (other than taxpayer or fiducia ry) is based on all rotor

G Signature of officer or truste eN

H Preparer 'sE Paid signatureR Pre- Sharon R . Fishe rE p arer' S Firm's n am e (or Valuation Econometrics LLC

Use yours if self • eOnly acPdess)and • 51

Woodcrest Ave

ZlPcode Atlant a

BAA

TEEA0502

2a Is the organization directly or indirectly affiliated with , or related to , one or more tax - exempt organization sdescribed in section 501(c) of the Code (other than section 501 (c)(3)) or in section 527? . . ~ Yes No

b If 'Yes , ' complete the following schedule .

(a) Name of organization (b) Type of organization (c) Description of relationship

Schedule B(Form 990, 990 -EZ,

or 990- PF)

Depa r tment of the TreasuryIntern a l Revenue Se rv ice

Schedule of ContributorsSupplementary information fo r

line 1 of Form 990, 990-EZ and 990-PF (see instructions)

OMB No 1545 - 004 7

2003Name of organizatio n

THE WILBUR AND HILDA GLENN FAMILY FOUNDAT IOrganization type (check one)

Employer Identification numbe r

58-632889 6

Filers of: Section :

Form 990 or 990-EZ 501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundatio n

527 political organization

Form 990-PF X 501 (c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501 (c)(3) taxable private foundatio n

Check if your organization is covered by the General Rule or a Special Rule . (Note : Only a section 501(c)(7), (8), or (10) organi zation cancheck box(es) for both the General Rule and a Special Rule - see instructions . )

General Rule -For organizations filing Form 990, 990-EZ, or 990-PF that received, during the year, $5,000 or more (in money or property) from any onecontributor . (Complete Parts I and II . )

Special Rules -

For a section 501(c)(3) organization filing Form 990, or Form 990-EZ, that met the 33-1/3% support test of the regulations under sections509(a)(1)/170(b)(1)(A)(vi) and received from any one contributor, during the year, a contribution of the greater of $5,000 or 2% of theamoun t on line 1 of these forms (Complete Parts I and II . )

For a section 501(c)(7), (8), or (10) organization filing Form 990, or Form 990-EZ, that received from any one contributor, during the year,aggregate contributions or bequests of more than $1,000 for use exclusively for religious, charitable, scienti f ic, literary, or educationalpurposes, or the prevention of cruelty to children or animals (Complete Parts I, II, and III )

For a section 501(c)(7), (8 ), or ( 1 0) organization filing Form 990, or F orm 990-E Z , that received from any one contributor, during the year,some contributions for use exclusively for religious, charitable, etc, purposes, but these contributions did not aggregate to more than$ 1,000 (If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable,etc, purpose . Do not complete any of the Parts unless the General Rule applies to this organization because it received nonexclusively

religious, charitable, etc, contributions of $5,000 or more during the year .) . 0- $

Caution : Organizations that are not covered by the General Rule and/or the Special Rules do not file Schedule B (Form 990, 990-E Z, or990-PF) but they mustcheck the box in the heading of their Form 990, Form 990-EZ, or on line I of their Form 990-PF, to certify that they donot mee t the filing requirements of Sch edule B (Form 990, 990-EZ, or 990-PF).

BAA For Paperwork Reduction Act Notice , see the instructions Schedule B (Form 990, 990-EZ, or 990-PF) (2003)for Form 990 and Form 990- EZ.

TEEA0701 12110/03

Schedule B (Form 990, 990-EZ, 990-PF) (2003)Name of organizati o n

THE WILBUR AND HILDA GLENN FAMILY FOUNDATION

age 1 to 1 of PartEmp loyer i dentificati o n n um be r

58-632889 6

Part I Contributors (See Specific Instructions )

(a) (b)Number Name , address , and ZIP + 4

1

(a)Num b er

(c) (d)Aggregate Type of contribution

contribution s

Wilbur Glenn Irrevocable Trust Person X------------ - ------------ ---- --------- Payroll

1201 West-Peachtree St_ NW-Suite 5000 _________ $___87 L 011 L 659_ Noncash

)Atlanta GA 30309 is a~oplcash contributio n- ----- ---- ---- ------ --------- ------- -

Name , address , and ZIP + 4 Aggregate Type of contributioncontribution s

Num

b er

Person---- --------------- ---- - ----- --------

Payrol l

$ Noncash

(Complete Part II if thereis a noncash contribution . )

(b) I (c) (d)Name, address, and ZIP + 4 Aggregate Type of contributio n

contribution s

N umber

Person----- ------------- -- - -- ------- -------

Payrol l

$ Noncash

(Complete Part II if thereis a noncash contribution . )

(b) (c) (d)Name , address , and ZIP + 4 Aggregate Type of contributio n

contribution s

Number

Person------ ----------------- ---------- ----

Payrol l

$ Nonca s h

(Complete Part II if thereis a noncash contribution . )

N ame, a dd ress, and ZI P + 4(c) (d)

Aggregate Type of contributioncontribution s

Number

Person--------- ---------- ---- --- ---- ----

--- Payroll

$ Noncash

(Complete Part II if thereis a noncash contribution

(b) I (c) (d)Name, address, and ZI P +4 Aggregate Type of contributio n

contrib uti o ns

BAA

Person--------------- - ---------- ----------

Payroll

$ Nonca s h

(Complete Part II if thereis a noncash contribution )

TEEA0702 08/13103 Schedule B (Form 990, 990-EZ, 990-PF) (2003)

'Form 990-PF Capital Gains and Losses for TaxPart IV, Line 1 on Investment Income

Statement Attach to return

2003

Name Employer ID No

THE WILBUR AND HILDA GLENN FAMILY FOUNDATION 58-632889 6

Copy Number 1 of

(a) List and describe the kind(s) of property sold(e .g ., real estate, 2-story brick warehouse ; orcommon stock, 200 shares MLC Company)

(b) How (c) Date (d) Dateacquired acquired sol d

P-Purchase (month, (month,D-Donation day, year) day, year)

laFred Alger Small Cap P

bVontobel P

cWilmington Trust Company P

dFidelity Family Foundation Account P

eFidelity - Capital Gain Distributions P

f Clover - Capital Gain Distributions P

9h

03/07/03 various08/14/03 various05/08/03 various09/03/75 various12/31/03 various12/31/03 various

(e) Gross sales price I (~ Depreciation allowed (g) Cost or other basis (h) Gain or (loss)(or allowable) plus expense of sale (e) plus (f) minus (g )

7,2 28 , 427 .9 74 , 892 .

2 ,7 83 , 000 .2 , 02 0 , 039 .

0 .0 .

a 8 , 783 , 16 5 .

b 1 ,0 81 , 0 6 7 .

c 2 , 784, 000 .

d 8 , 138 ,5 94 .

e 1 5 8 , 81 5 .

f 3 7 9 .

9h

Complete only for assets showing gain in column (h) and ownedby the foundation on 12/31/69

(i) Fair Market Value (j) Adjusted basis (k) Excess of column (Qas of 12/31/69 as of 12/31 /69 over column 0), if any

a

b

c

d

e

f

9h

1 ,55 4 , 738 .106, 175 .

1 , 000 .6 , 118 , 55 5 .

1 58 , 815 .3 7 9 .

(I) Gains (column (h)gain minus column (k),but not less than -0- )

or losses (fromcolumn (h))

1,554,738 .106,175 .

1,000 .6,118,555 .

158,815 .379 .

TEEW1601 SCR 08/ 18/03

THE WILBUR AND HILDA GLENN FAMILY FOUNDATION 58-6328896

Form 990-PF, Page 1, Part I, Line 1 1Line 11 Stm t

Other income: Rev/Exp Book Net Inv Inc Add Net Inc

Partnership Distributions 1,045,987. 0.

Partnership Taxable Income 2, 122, 534 .

Partnership Allocated UBTI -46, 879 .

Total 1,045,987 . 2,075,655 .

Form 990-PF, Page 1, Part I, Line 23Line 23 Stm t

Other expenses : Rev/Exp Book Net Inv Inc Ad Net Inc Charity DisbBank Service Charges 404 .Foreign tax withheld 689 .

Total 1 , 093 .

Form 990-PF, Page 1, Part I, Line 16cL-16c Stmt

Line 16c - Other ProfessionalFees:

Name of Provider Type of Service Provided Amount Pai d

Ballamor Capital Management Asset Management Fees 75,004 .

Separate Account Managers Asset Management Fees 153,625 .

Total 228,629 .

Form 990-PF, Page 2, Part II, Line 10aL-1 Oa Stmt

Line 10a - Investments -US and State Government Obl i gations :

End of YearBook Fair MarketValue Value

Wilmington Trust 1 17,506,641 .1 17,535,820 .

Tota l

Form 990-PF, Page 2, Part II, Line 10bL -10b Stmt

Line 10b - Investments - Corporate Stock :

17,506,641 . 17,535,820 .

End of Yea rBook I Fair MarketValue Value

Private Capital (see attached list) 2,438,169 . 2,569,437 .

Vontobel (see attached list) 3,713,581 . 4,110,129 .Clover Capital (see attached list) 4,184,135 . 5,366,324 .

Total 10,335,885 . 12,045,890 .

THE WILBUR AND HILDA GLENN FAMILY FOUNDATION 58-6328896 2

Form 990-PF, Page 2, Part II, Line 13L-13 Stmt

Line 13 - Investments - Other :

Turner Micro-Cap FundMarasco Growth Fun dMetro Development Real Estate Fund, LPMercantile Refinance, L PHWC Investors, LLCFWDS Investments, LPCV Investors, LLCWimbledon HDN Fund LPWADS III Trust Series I

Total

End of Yea rBook Fair MarketValue Value

6 , 417 , 1 66 .

5, 000 , 000 .

1 ,55 0 , 000 .

12 , 000 , 000 .1 0, 000 ,000 .4 ,5 00 , 000 .2,500,000 .

1 0, 000, 000 .10 , 000 , 000 .

7 , 926 ,2 98 .5, 095,71 0 .1 ,550 , 000 .

12 , 000 , 000 .1 0 , 000 , 000 .4 ,500 ,000 .2,500 , 000 .

10 , 942 ,700 .10 , 000 , 000 .

61 , 967 ,1 66 . 64 , 514 ,708 .

Form 990-PF, Page 6, Part VIII, CompensationPa rt VIII , Line 1 Stm t

(a) (b)Name and address Title, an d

average hoursper week

devoted t oposition

(c)Compensatio n

(If not pa i d ,enter - 0 - )

(d)Contributionsto employeebenefit plansand deferredcompensation

(e)

Expense

account, otherallowance s

Louisa-Glenn D_Anti g nac_ Trustee---------- --- -Atlanta 0 0. 0. 0.Rand Glenn Hagen Truste eNew York 0 0. 0. 0.

Total0 . 0 .

THE WILBUR AND HILDA GLENN FAMILY FOUNDATION 58-6328896 3

Suppo rting Statement of :

Form 990-PF, pl/Line 1(a )

Description Amount

Wilbur F . Glenn Estate - Irreveocable Trust I 87,011,659 .

Total 87,011,659 .

Suppo rt ing Statement of:

Form 990-PF, pl/Line 23(a)- 2

Description Amount

Foreign Tax Credit 689 .

Total 689 .

Supporting Statement of :

Form 990-PF, p3/Part V, Line 1(b)- 1

Description Amount

Glenn Family Foundation #58-6328896 2,600 .Wilbur Glenn Mem Foundation (1/2) #58-6026020 718,794 .

Total 721,394 .

Supporting Statement of :

Form 990-PF, p3/Part V, Line 1(c)- 1

Description Amount

Glenn Family Foundation 426,440 .Wilbur Glenn Memorial Foundation 13,680,452 .

Total 14, 106, 892 .

Suppo rt ing Statement of :

Form 990-PF, p8/Line 2a Column (c )

Description Amount

Family Foundation #58-6328896 21,219 .Wilbur Glenn Memorial Foundation #58-6026020 645,639 .

THE WILBUR AND HILDA GLENN FAMILY FOUNDATION 58-6328896 4

ContinuedSupporting Statement of :

Form 990-PF, p8/Line 2a Column (c )

Description Amount

Total 666, 858 .

Suppo rting Statement of :

Form 990-PF pll/Line 8 Column (d )

Description Amount

Short term gains 4,666,442 .Long term gains 6,168,232 .Capital Gain Distributions 159,194 .

868 .Total 10,_993868 .

Form 886 8 (12-2000) THE WILBUR AND HILDA GLENN FAMILY FOUNDATION 58-6328896 Pa e2

• If you are filing for an Additional (not automatic) 3 - Month Extension , complete only Pa rt II and check this box P. X

Note : Only complete Part 11 i/you have already been granted an automatic 3-month extension on a previously filedForm 8868.

• If you are filing for an Automatic 3 - Mont h

Part II Add i t i onal (not automatic)Name of Exempt O rgan izat ion

only Pa rt I (on page 1) .on of Time - Must

Type o rprint THE WILBUR AND HILDA GLENN FAMILY FOUNDATIO N

Number , street , and room o r su ite number If a P 0 box, see i nstruct ions

F ile by th eextende d

iing~ef0f 1201 WEST PEACHTREE ST . NW, SUITE 5000

return Se ei nstructwns City , town or post off

ice , state, and ZIP code Fo r a fore i gn add r ess , see i nstruct ion s

ATLANTA GA 30309Check type of return to be filed (file a separate application for each return) .n Form 990 n Form 990- EZ ❑ Form 990-T (Section 401(a) or 408(a) trust)

Form 990-BL IX I Form 990-PF I I Form 990-T (trust othe r than aboveSto : Do not complete Pa rt II if you were not already granted an automatic 3 - month extension on a previously filed Form 8868 .

• If the organization does not have an office or place of business in the United States, check this bo x

• If this is for a Group Return , enter the organizations four digit Group Exemption Number (GEN ) . If this is for the

whole group, check this box -F] . If it is part of the group, check this box and attach a lis t w ith the names and EINs of all

members the extension is for .

4 I request an additional 3- month extension of time until NOV 20 04 .

5 For calendar year 2 003 , or other tax year beginning , 20 and ending _ , 20

6 If this tax year is for less than 12 months, check reason _0 Initial return 11 F inal return Change in accounting period

7 State in detail why you need the extension Seve r a l Pa rtnershie K_1's we re_not_ rece 1 ved_

by_the_extended due date of the-return.-The Foundation-requests-time to__________ _----------------- ----- ----------- - -----prt.pare an-accurate and completer eturn_ -----------------------------------

8a If this application is for Form 990-BL, 990-PF, 990-T, 4720, or 6069, enter the tentative tax, less anynonrefundable credits See instruction s

b If this application is for Form 990 -PF , 990 - T, 4720 , or 6069 , enter any refundable credits and estimated taxpayments made . Include any prior year overpayment allowed as a credit and any amount paid previously withForm 8868 . . . . .

$ 1 31 , 934 .

$ 132 , 8 2 0 .

c Balance due. Subtract line 8b from line 8a . Include your payment with this form, or, i f required, deposit w ithFTD coupon or, if required, by using EF TPS (Electronic Federal Tax Payment System) . See instructions $ 0 .

S i gnature and Ver ificationUnder penalties of pe nu ry, I declare that I have exam i ned th is form , includi ng accompany ing schedules and statements , and to the best of my knowledge and bel i ef , it i s true ,correct, and complete , and that I am au thori zed to B4epare th is form

LJ

0 We have not approved this application . After considering the reasons stated in item 7, we cannot grant your request for an extension o f

e Title " CPA Date 11 08/14/04Notice to Applicant - To be Completed by the IR S

We have approved this application . Please attach this form to the organization's retur n

We have not approved this application . However, we have granted a 10-day grace period from the later of the date shown below or thedue date of the organization's return (including any prior extensions) This grace period is considered to be a valid extension of time forelections otherwise required to be made on a timely filed return Please attach this form to the organization's return .

time to file . We are not granting a 10-day grace period .

R We cannot consider this application because it was filed after the due date of the return for which an extension was requestedOther --- --- ------- --------- --- -------- --------- --- ----------------Director

By,Dat e

Alternate Mailing Address - Enter the addre s s i f you wa nt t he co py of this appl ic at io n f o r a n a dd i t io na l 3 - m on th exte n s io n retur ne d to anadd r ess diffe rent than t h e o n e e n te red ab ove

Type or I Numbe r an d street (include suite, room , or apa rtmen t n umber) or a P. O . box nu mber

print

City o r town, pr ovince or st ate , an d country (i ncl ud in g p ostal or Z IP c ode )

BAA FIF Z0502 01105/04

final and On e

58-63288 !For IRS Use Only

Form 1041-A n Form 5227 Form 8870

Form 4720 n Form 6069

Form 8868 (Rev 12-2000)

Form 8868(December 2000)

Department of th e T r easuryI nt e rnal Revenue Se rvice

Application for Extension of Time to File anExempt Organization Return

01 F ile a fo r each return .

OMB No 7545-1709

• If you are filing for an Automat i c 3 - Month Extens i on , complete only Pa rt I and check this box . . . . . . . . . . . . . . . . . . . . . . . ~~X

• I f you a re f iling for an Add i tional (not automatic) 3- Month Extension , complete only Part II (on page 2 of t his form) .Note : Do not complete Pact // unless you have already been granted an automatic 3 -month extension on a previously filedForm 8868.

Pa rt ITT'. Automatic 3-Month Extension of Time -Only submit original (no copies needed )Note : Form 990- T corporations re questing an au tomatic 6-month extension - check this b ox and complete Part / only . . . . . . . . ~

All other corporations (including Form 990-CREMICs and trusts must use Form 8736 to re

Name of Exem pt Or ga ni zati on

Type orprintFile by thedue date forfiling yourreturn Seeinstructions .

must use Form 7004 to request an extension of time to file income tax returns Partnerships,an extension of time to file Form 1065, 1066, or 1041 .

THE WILBUR AND HILDA GLENN FAMILY FOUNDATIO NNumber, st r eet, and room or suite number If a P 0 box , see instructi ons

1201 WEST PEACHTREE ST . NW, SUITE 500 0City, town or post office . For a foreign address , see instructions .

ATLANTACheck type of return to be f i led (file a separate application for each return) :

F orm 990 For m 990•T (corporation)

For m 990- BL Form 990-T (Section 401(a) or 408(a) trust)

Form 990-EZ Form 990-T (trust other than above )

X Form 990-PF Form 104 1-A

Employer identification numbe r

58-632889 6

state ZIP cod e

GA 30309

Form 4720Form 5227

Form 6069

Form 8870

• If the organization does not have an office or place of business in the United States, check this box . . 11-

• If this is for a Group Return, enter the organization's four digit Group Exemption Number (GEN) . If this is for the whole group ,

check this box " r] . If it is for part of the group, check this box . . "' and attach a list with the names and EINs of all members

the extension will cover .

1 I request an automatic 3-month (6-month, for 990-T co r poration ) extension of time until Au g 16 , 20 04 ,

to file the exempt organization retur n for the organization named above . The extension is for the organization's return for :

~ XB calendar year 20 03 or

ta x year beginning , 20 and end ing , 2 0

2 If this tax year is for less than 1 2 months, chec k reason: 11 Initial re turn Fin a l return Change in accounting perio d

3a If this application is for Form 990-BL, 990-PF, 990-T, 4720, or 6069, enter the tentative tax, less an ynonrefundable credits . See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 132,820 .

b If this application is for Form 990•PF or 990-T, enter any refundable credits and estimated tax payments made .Include any prior year overpayment allowed as a credit . . . . . . . . . . . . . . . . . 820 .

c Balance Due. Subtract line 3b from line 3a . Include your payment w ith this form, or, if required, deposit w ith FTDcoupon or, if require d , by using EFTPS ( E l ectronic Federal Tax Paym ent System) . See instructions $ 132,000 .

Signature and Veri ficatio n

Under penalti es of penury, I declare that I have examined thi s return , including accompanying schedules and statements , and to the best of my knowledge and bel ief , it is true, correct, andcomplete , and that I am authorized to prepare this form

S ignature ou

- -"

P

Title Date " 5112 v

BAA For Paperwork Reduction Act Notice , see instructions. Form 8868 (1 2 - 2 000)

fIFZ050 1 01/05/0 4

The W ilbur & H ilda G lenn Fa m ily Foun d ationF idelity Account if47 9 - 558290December 31, 2003

A ttachment to Fo rm 9 90 -PF , Part I I

E IN 58 -6328896

Book MarketDate Quantity Security Cost Value

MUTUAL FUNDS------------

5/23 /2 0 03 1 69,764 Turne r M i cro- Cap Fu nd12 /1 8/ 2003 330, 033 Ma rs ico G rowth

OTHER ASSETS (REAL ESTATE )-------------- ----- --- ----7/ 10/2003 1 , 550 , 000 Metro Development Real Estate Fund , LP

OTHER ASSETS (PRIVATE INCOME )

3/ 28/2003 1 2 ,000, 000 Merca ntil e Cap it a l, L P5/ 16/2003 9 , 952 , 471 HWC In vestors, LLC5/ 2/2003 4 , 500 , 000 FWDS Investments , L P11 /25 /2002 2 , 500 , 000 CV Investors , LLC

HEDGE FUND S

1 / 30/2003 1 , 000 , 000 Wimbledon HDN Fund L P6/ 28/2002 1 , 000 , 000 WADS III Trust Se r ies I

Main Account - Investments subtota l

Separate Account ManagersStocks and Bon ds Private Capital

VontobelClover CapitalWilmington Trus t

Investments SubtotalCASH AND EQUIVALENTS-------------------- D ivide n d I n -transit

F ide lit y Cas hSu nT ru s t Cas h

Separate Account Managers - CASHE u be l B radyPrivate Capi ta lVo nt obelC lover Cap ita lWilmin gton Tr u s t

Cash Tota l

TOTAL PORTFOL I O

6 ,4 17, 166 31 7,926 , 2 97 . 645 ,00 0 , 000 00 5 , 095 , 709 57

1,550,000 00 1,550,000.0 0

12 ,000 , 000 00 12 , 0 0 0 ,000 0 01 0 ,000 ,0 0 0 00 10 , 0 0 0 , 000. 004 ,500 ,0 0 0 00 4 , 50 0,0 00 002 ,500,000 00 2 , 50 0,0 00 00

10 ,000 , 000 00 10 , 942 ,700 001 0,000 ,0 00 00 10 ,0 0 0,000 00

6 1 , 9 67, 166 31 64 ,51 4 ,7 07 2 1

2 ,438 , 169 . 24 2,569,437 103,7 13 ,5 80 90 4 , 1 1 0 , 128 524 ,1 84 , 134 89 5 ,366 , 324 25

1 7, 506 ,640 64 17, 53 5, 820 . 00

8 9,809 ,691 98 94 ,096 , 417 .08

146 66 146 66

8 1,72418 8 1 .7241823,771 54 23 , 771 . 54

5 , 00 0, 025 00 5 , 000 , 025 002 ,5 76 ,363 43 2 ,57 6 , 363 . 431 , 155 ,889 80 1 , 155, 889 80

13 8 , 355 47 138 , 314 .7 12 , 546 , 2 34 95 2 , 54 6, 2 34 95

1 1, 522 , 51 1 03 1 1, 522 , 4 7 0 . 27

1 01 ,3 32 ,203 01 1 05,618 ,887 35

1 01,332 ,203 01

Page 1 of 6

Attachment to Fo rm 990- P F. Pa rt I I

The W ilbur & Hilda Glenn Family FoundationP rivate Capita lFidelity Account #479-622974December 31, 2003

EIN 58- 632889 6

Unit B ook MarketDate Quantity Security Cost Cost Price Value

COMMON STOC K

1 0/8 /20031 1 /1 9/2 0 0 31 0/14/200 310/16/200310/21/200311/5/200310/ 8 /200 310/24/200311/5/20031 0/14 /200310/1 4 /200310/8/200310/ 14 /2 0031 0/ 8 /20031 0/ 14 /2 00310/8/200310/21/200310/8/200310/8/20031 0/1 4/200310/1 4/ 2 0031 0/ 14/2 00311/25/200310/8/200310/1 4/ 2 00312 /4/ 20 0311/14/200310/ 14/2 00 310/15/2003

4 , 5002 , 5001 , 4001 , 5002 , 4001 , 600

10 , 4002 , 6661 , 7002 , 7001 , 0001 , 1001 , 5002 , 0003 , 1001 , 4001 , 5001 , 3001 , 500

7001 , 0003 , 1002,3002 ,4002 , 1003 , 8002 , 5001 , 3003 , 100

Alltel Corp DeApple Computer IncB ank north Grou p IncBear Sterns Companies IncBelo Corporation Ser ACharter One FinancialC om puter Ass o c Intl IncCountrywide Credit Inds DelE a s tm an K od akFirst N iag araF irstfe d Fini Corp DelGannett In cHa rrah'sHCA C o r pJ ournal Regis ter CoKnight-Ridder IncLee Enterprises Inc .M cCl at ch y CoM cGra w- Hill Cos Inc F ormerly M cGra wMedia G e n Inc C L AMercantile B an k s h ares CoM G M Mirag eNew York Tim e s Class APeoplesoft IncP rovid ent Fin[ Sv cs IncScientific Atlanta , IncSteps CorpWe b s ter F incl C o r pWiley John & Sons Inc .

4 6 4620 5

2 9 .3274 9426 5332 07254477 .0 824 2 5

14 944 5

80 4441 9 437 6 1

2 069 8 841 1 462 1364 8563 9941 . 8 336 7 3

45 721 01199427 2721 0 74 1 . 1 225 64

2 09, 0 79 9 251 ,250 0041 ,0 46 0 4

11 2 ,4 0 4 0063,6 8 3 8451,304 1 6

2 64 ,62 2 4 02 05,4 96 1 1

41,22 5 0 040,2 2 2 0044 ,4 95 3088 ,484 0062,907 3075,212 .0062 ,00 0 0097,837 0061 ,7 07 7 580,762 6097,2 71 0044 ,795 0341 ,8 3 0 00

113,8 75 39105,11 0 00

50, 4 35 004 1,870 22

1 03, 645 0052,675 0053, 4 5 4 1879, 469 00

2 , 438, 1 69 2 4

CASH AN D EQU IVALENTS

TOTAL P O RT FOLIO

Fidelity Municipal M oney Ma rket 2 , 576 , 363 43

5, 0 1 4 ,532 67

46 5 821 .3732 5379 9 52 8 3 43 4 552 7 3475 8525 6714 9 7

43 589 1 64 9 7742 96

20 777 3743 6 568 8

6 9.9265 1

4 5 5 837 6 147 7922 7918 927 322 6

4 5. 8626 03

2 0 9 ,6 1 0 0053, 42 5 004 5,542 0 0

11 9,92 5 006 8 ,016 0 055,280 .0 0

2 84 ,336 002 0 2 , 2 16 1043 ,639 0 04 0, 419 0 04 3,500 0 098,076 0074 ,655 0085 ,9 20 0064 , 170 00

10 8 ,31 8 0065, 4 75 0 089, 4 40 00

104,880 004 5, 5 70 .004 5,580 0 0

1 16, 5 9 1 0 0109,9 1 7 0 054 ,696 0039,690 00

10 3, 740 .0 056 ,500 0059,618 0080,6 93 00

2 , 569 ,437 10

2 , 576 , 363 43

5 , 145 , 800 53

Page 2 of 6

Attachment to Form 990- PF , Pa rt I I

The Wilbur & Hilda Glenn Family FoundationVontobe lFidelity Account #479 -622966December 31 , 2003

EIN 58-632889 6

Unit Book MarketDate Quantity Security Cost Cost Price Value

COMMON STOC K

8/11/20038/11/20038/11/20038/11/20038/11/20038/11/20038/11/20038/11/20038/11/20038/11/20038/11/20038/11/20038/11/20038/11/20038/11/20038/11/20038/11/20038/ 11 / 20038/11/20038/11/20038/11/20038/11/20038/11/2003

3 , 1585 , 14 0

2332 , 6 1 86 , 0882 , 0405 , 4 0 53,0607,36 228 7365

5,7 32339

1,922798

1 , 5612 , 9504 , 2192 ,3858 ,1 033 , 1733 , 4882 . 74 1

American Express C oAmerican International Group IncBerkshire Hathaway In cChubb CpCincinnati Finl CorpCorus Bankshares IncFannie MaeFifth Third BancorpFreddie Mac Voting ShsGannettIncGolden West Fml CorpHealth Mgmt AssocKnight-Ridder Inc.Liz Claiborne In cMarkel Corp Holdings CoMercury General CorpOld Republic Intl CorpSafeway Inc .State Street CorpTJXCos IncUniversal HealthWatts Inds CL AWells Fargo & Co New

44 546 1 54

25 1 3 7 865 1639 . 112 2 2165 7654 645 1 34

7 784 21202865 9434 32

2 62 1545

22 232 1 1 244 . 9 120 1248 0 117 6 150 46

140 , 666 40316 , 311 13585 ,7 1 1 70170 , 581 . 0 12 3 8 , 082 494 7, 857 0 1

355 , 41 3 87167 , 209 1 13 77, 982 95

22 ,09 9 0 030 , 736 90

1 1 6 , 264. 5022 ,353. 6665 , 969 96

2 0 9 ,1 96 0 07 0 , 245 006 5, 569 788 9, 1 15 1 1

107,119 65163 , 047 93152 , 325 30

61 ,413 14138 , 309 30

3 , 713 , 580 90

CASH AND EQUIVALENTS-------------------

TOTAL PORTFOLIO

Fi de l ity Municipa l Money Ma rket 1,155,889 80

4 , 869 ,470 70

4 , 869, 470 70

48 2366 28281568 1

4 1 7 53 1 027 5 06

59 158 3289 16

103 1 924

77 . 3735 4 6

2 5 3 5 146 5525 3621 9152 0822 0 553 7 222 2

58 89

152 ,310 34340 ,6 7 9 2 0655 ,895 00178 . 285 80254 , 1 7 4 0 0

63, 280 80405, 699 30180 ,846 00429 , 35 1 8 4

25 , 588 9237 , 664 .3 5

137 , 568 . 0026 ,228 4368 , 154 1 2

2 0 2 , 300 . 9872 , 664 5574 , 8 1 2 0 092 , 4 3 8 2 9

124 , 210 80178,671 151 70 , 453 5677 , 433 60

161 , 417 49

4, 110 , 128 52

1,15 5 , 889 8 0

5,266,0 18 32

Page 3 of 6

A ttach m ent to Form 990-PF, P art I I

The Wilbur & Hilda Glenn Family FoundationClover Capital Managemen tFideli ty Account #479-601268December 31 , 2003

EIN 58 -632889 6

Unit Book Market

Date Quanti ty Security Cost Cost P rice Value

COMMON STOC K

10/21/200311/22/20029 /1 0/ 2 0 033/5/2 00311/22/20027/15/20037/16/200311/22/20024 /22/ 2 0 0311/12/200311/22/20027 /30/ 20 0311/22/20027/15/ 20 0311/22/20021 1/ 19/2 00311/10/200312/31/200211/22/200211/22/200211/22/200211/22/200212/19/200211/22/200211/22/200211/22/20025/1/20038/1/200311/22/200211/22/200212/ 24 /2 00 211/22/200211122/200211/22/200211/221200211/22/20028/2 9/200311/22/20027/15/200311/4/20038/5/ 200311/22/200211/19/200311/22/200212/3/200211/5/200310/22/20038/4 /200311/12/200312/17/20028/11/20031 2 / 1 9/20038 /4/2 0035/9/2 00311/22/200211/4/20037/31/20038/11/200312/2/ 20 03

3, 2 002,9002 ,4002,000

1 0, 8 009008 00

2 , 7 502 , 5002 ,9 00

9501 ,9006, 0 002 ,5001 , 0 501,5002 ,0002 , 8 003,7002,6001,3501 ,5008,7002 ,7003,3002,2001,7 003,3001, 4001 ,3001 ,7003,500

10, 4001, 2003, 200

900900

2 , 8003, 1 001 ,7001, 4253,300

8002 ,8001 ,6002 ,9003,70 0

7001,80 01,6006 , 2 004 ,1001, 1 001,4 001, 4 251,5 0 01, 2 002,30 0

400

Activision IncAcxiom CorpAdvanta Co Cl BAgco CorpAK Steel Hldg CorpAlliant Energy CorpAlpharma IncAmerican Finl GrpAmern Eagle Outfitrs NewAnadigics In cArch Chemicals IncArrow Electronics IncAshworth In cAvista CorpBancorpsouth In cBank Atlantic BancCorp IncBank United Finl Crp Cl ABarnes and Noble IncBuckeye Technologies IncCabot Oil Ga sCadmus Communications CorpCallaway GolfCalpine CorporationCaraustar IndustriesCarreker CorpCeladon Grp In cCharlotte Russe Holding IncCharming Shoppes IncCheckpoint SystemsChesapeake CorpChiquita BrandsCaber In cCMS Energy CorpCNF In cColonial BancgroupCommunity FirstConmed CorpCooper TireCumulus Media IncCurative Health Svcs IncDelphi Finl Group IncDendrite Intl IncDevelopers Diversified Realty CorpEarthlink In cEfunds CorporationElectrons Boutique HldgsEntravision Communications CorpFairchild Semiconductor Class AFederal Signal CorpFEI CompanyFelcor Lodging Trust IncFirst Consulting Grp IncFlow Serve CorpFoot Locker In cFPIC Insurance Group IncFrontier Oil CorpFurniture Brands Intl IncGallagher Arthur J & CoGenesis Healthcare Corp Com

1 3915 321 1 1917 98

6 57200921 9223 221 6 . 46

6 3519 461 6 93

5 3414 6719971 7 642 4 531 7 8 5

6 6 82 4 13

1 0 813 63

4 .2 89 064 56

1 0 .369 555 22

1 0 6 917 4

1 4 0 45919 6 8

31 3 41 2 8 62 6 4 121 181 5 6 218 531 4 4 133 2 17 11

31 156119 7 5

24 029 8 3

12 781 4 .9617 2 99 . 855 57

190312 33

7616 4424 4527 1 1

0

58 ,2 7 2 005 4 ,0 2 7 0030,528 004 0, 280 0055, 08 0 .0022 ,41 0 0016,080 0072,765 004 1,0 00 0017,2 84 0024 ,377 0043,966 0048 ,420 0045,30 0 .0024 ,906 0028 ,500 005 1 ,580 0091,9 80 0037, 1 8 5 0076,310 0017,550 0025, 2 75 0041 , 847 0 037,260 0046, 2 33 003 1 ,4 3 8 0023, 4 77 0018,084 0026, 4 7 4 0034 , 4 2 4 0 038 ,3 01 .0 030, 3 10 .0 088 , 6 0 8 004 0,6 8 0 0 05 5 , 424 0 026,046 0021 , 420 0059,864 0068 , 2 00 .0 02 3, 4 60 005 1 ,300 0051,810 0026, 856 . 002 8,000 0 02 7,760 0066,381 0 04 1,070 0017, 479 003 1 , 536 0036,000 .0068,696 0023 ,08 3 002 2 ,968 003 2 , 8 30 0035, 7 53 2 52 5,8 30 0035,196 0074 ,7 2 7 009,11200

44 ,466 8144 ,416 9826, 848 0035,966 7 470,950 1 018 ,0 84 4 217,539 6863,854 284 1, 1 38 .6018 ,4 15 0018 , 4 83 2 332,174 0032,062 2 636 ,681 .5020,970 6 126, 460 0049, 067 2 049,972 6024 , 712 .0362 , 747 9 414 ,573 5 120,446 7037,270 5224 , 462 7 215 ,032 0422 ,794 571 6, 226 5 61 7, 24 1 841 4 ,96 7 7522,620 8323,862 .302 0,670 30

100,671 8937,612 0741 , 1 37 6623,773 .0019,066 054 3, 742 375 7, 450 .6624 , 49 8 364 7,327 632 3, 450 5624,922 9617,096 0815, 601 . 2969, 648 073 6,36 8 .1 3

8 ,94 7 402 6,9 28 9027,6670661,07 4 4 522,824 292 0,929 .1517, 2 67 . 2510 . 8 2 8 712 4 ,66 1 0 529,339 5 862,353 7 4

1 8 2 11 8 6312 .7 220 1 4

5124 920 . 1

26 4 61 6 45 9 6

2 5 6623 1 4

8 0718 1 22 3 7 2

1 92 5 7932 8510 0529 .35

1316 8548 113. 8

14 0114 2913 81

5 4818 912 6 4822 .53

8 668 .5233 9

17 .3228 .94

23 821 3 8

22138

3615 .7

33 5 71 0

17 3522 8 9

1 1 124 .971 7 5 2

22 511 0 8

5 63208823 4 525 091 7 2229 3332 4 922 7 8

Page 4 of 6

Attachmen t to Fo rm 990 -PF, P a rt I I

The Wilbur & Hilda Glenn Family FoundationClov e r Ca pital ManagementFidelity Account #479-601268December 31, 2003

E IN 58 -6328896

Unit Book M arketDate Quantity Security Cost Cost Price Value

11/22/200211/22/200211/22/200211/22/200211/22/200211/22120028/1 4 /2 00311/22/200211/22/200210/ 1 0/200311/22/200210/3/20036/18/200311/22/20027 /15/ 20 031 2 / 10/2 00311/22/200211/22/200211/22/20028/2 0/20031 2/ 12 /2 00311/22/20027/15/2 00311/22/20023/5/ 2 00311/22/200212/9/2 00311/22/20026/3/20037/1/200312/ 2 /2 00311/22/200212/ 1 9/20 0 212/22/20031 0/2/200 33/1 8 /200311/22/20029/19/20031 0/30/20037/15/ 2 00310 /16/ 2 00311/22/20028/27/20037 /29/ 2 0 0311/22/200211/22/200211/22/200212/30/200310/15/20036/30/2 0 0311/22/2002117/20039/15/2 00310/1/20034/17/200311/22/200211/22/200211/22/200210/9/200311/22/200211/22/2002

4 501,9001,4 0 0

8502 ,3001,5 0 08 ,2003,90 0

5501 , 2 001 ,30 01, 2 5 02 , 0 007, 8 002 ,0003, 0 006,5002 , 0 002 ,7 003,9 003, 2 00

5501,1008,6001, 2001 ,6007,700

5501,3501,000

8002 ,50 01 ,6502 ,7001 , 2006, 2002,0002 ,20 0

700900

1,8507 , 1 0 03,5004 ,0 0 03, 2 0 0

9001 ,70 03,200

8007,300

7003,600

7 002 ,3002 ,300

16,6001,3002 ,3001 ,9004 ,6002 ,50 0

Georgia Gulf CorpGraftech Intl LTDHCC Ins Hl d gs IncHearst-ArgyleHelen of Troy LT DHi bernia Cor p Cl AHoo p er Holmes, IncHrpt Pptys TrustHudson U nite dHum boldt Ba ncor pI DX System sInfinity Ppty & Cas CorpIntegrated Silicon Security IncIntermet Cor pIomega CorpIXYS CorpKey Energy ServicesLen n ox Int lLTC PPTYSMag nu m Hunter Re s IncM air H oldin g s In cM arve ll Technology GroupMassey Energy CoM a x tor Co rp N e wM ens W a reh ouseM etho d e E lectrs CL AM ilacron IncM olecula r DevicesNB TY IncN CO Group IncN ei g hb o rcare Inc Co mN ice Syste m s Lt d Ad r F S ponso re d AN ortheast Ut ilitiesN S Group IncN UI Co rp N e wOa k ley In cO h io Casualty CorpOrthodontics CTR S Amer IncOvernight Corp .O v ersea s S h i p holding Group IncPa ck aging Cor p . Am ericaP l ay te x P r od s IncP rovid ia n F inancia l C o rpP ro v ince He a lthc a re CoPTEK H ld gs I n cRaym ond J a mes F inlR ayo va c CorpR e g ister Com IncR eliance Steel a nd Aluminum CoR eliant Res IncR yder System s IncS 1 CorpSchool Specialty IncScott ish RE Group L TDSemco Energy IncService Corp IntlShopko Store sSierra P acifi cSky F inancial Grou p IncSta m ps CornS t erlin g B ancshares

20014 .3224 2

24 099 4

20795 848 34

30 771 6 1 717 7829 6 3

5 744 26

12 057139 .1 8

15 197

8 396 7 5

2 2 4412 7 1

7 1 414 5 1

9 7 82 . 8 2

18 1 51 6 7 217 97

01 0 0415 319 4 51 57

9 712 84

8 . 83200322 . 1 32035

9 5510 591 3 134 32

3 1 .381 4 39

5 1 724. 54

623

5.3928 1

22 964 443 2 7

1 6 216 1 8

23 8 54 56

1 2 4 3

12 ,996 002 5,650 0044 ,520 0023, 426 0053,222 003 5 ,265 0050,676 0039,351 002 0,32 2 502 1 ,060 0034 ,84 6 5041 ,31 2 5031,300 0042,4 32 0011 ,9 6 0 .0028 ,050 0067, 01 5 0033,4 00 0039, 7 9 8 0037 ,0 8 9 0023 , 2 96 .0020, 8 6 1 .5 022 , 88 0 0 095, 4 60 0030, 012 0 019,568 0032 ,109 0010,4 44 5036,261 0022 ,7 20 0 015,800 0063,375 0033,280 .5026,190 001 9,344 .008 5, 808 .003 4 ,720 0017 ,7 1 0 0015 ,9 2 5 0030,645 004 0, 44 1 005 4 ,88 3 0040 ,740 0064 ,00 0 002 8, 1 9 2 .0033,930 0035,615 .001 6,35 2 0026,568 0053,7 28 0023,905 0029,05 2 0023,807.004 7, 794 .001 1, 2 70 0089, 4 7 4 0019, 82 5 0016, 882 004 9, 2 86 0 028 ,520 0033, 250 0 0

9,006538 , 212 1 8

33, 8 8 2 642 0,4 77 . 8 621 ,6 14 7 131,181 .4047,895 7632 , 5 15 861 6 ,92 1 301 9, 4 08 0 823,11 4 4 137,033 5211, 478 2033,22 3 3 024 , 106 2 02 1,386 7059,691 1230,384 9918 . 888 4 23 2 ,706 3321 ,6 1 6 001 2 ,340 6513,982 4361 ,376 1417 , 41 0 2415,644 302 1,70 5 53

9,98 4 4822,57 8 001 7,969 2 0

2 5,1 1 1 992 5,2 63 4 02 5,50 8 7 018 , 8 3 4 .1 260,113 4 52 5,6 86 2419,4 25 5 614 ,018 141 9 . 9 17 7 237,638 6667 , 8 06 7 237,071 .1552 ,506 5913,836 2728 , 243 9624 , 4 60 . 7 01 6 ,550 081 9 ,630 204 3, 827 7 31 6,1 01 .501 9,394 5 619,669 0952,815 8810,206 025 4 ,315 1 921,075 361 4 , 212 394 5,32 0 3220,97 4 4 73 1 ,080 60

28 8813 .53 1 8

27 5623 1423 5 1

6 .1 810 0936 951 7 5 52 6 . 8

33 0515 65

5 445 989 35

10 3 1167

1 4 . 749517 28

37 932 0 811 1

2 5 0 112 23

4 1 718 992 6 8 622 7 21 9 752 5 3 520 . 1 7

9 716 .1 213 8 417 36

8 0 522 . 7 534 0521 . 8 67 73

1 1 .6 41 6

88 137 7

2 0 .9 5511

33 2 17 36

34 1 58 07

3 4 012078

4 95 39

15 2 57 34

25 9462

1 33

Page 5 of 6

A tta chm ent t o Form 990- PF, P art I I

The Wilbur & Hilda Glenn Family FoundationClover Cap ital ManagementFideli ty Account #479- 601268December 31 , 2003

EIN 58 -632889 6

Unit Book M arketDate Quantity Security Cost Cost Price Value

11 / 22 /200 211/22/200211/22/200211 /22 /20 028/21/200310/16/200311/22/200211/2 2 /200211/22/20028/1/200311/19/2 00 311/22/20027/ 1 5/2 00311/22/200211/22/200211/22/20025/14/ 20 035/12/200311/20/20039/1 5/ 2 00311/22/20028 /2 8/20031/22/200311/22/2002

CA S H AND EQU IVAL ENTS

TOTAL PORTFOL I O

9004 ,6001, 10 01,6001,6001,1004 ,6001 , 8503, 4 00

6001,2501,1001 ,0002 ,9002 ,7 0 03,8001 , 8 0 0

8 002 , 450

7 001,9001 , 3 751 , 20 01 ,950

Sterling Finl CorpStewart Stevenson Se rvicesStewart W P COSWS Group IncT H Q Inc NewT ere x Corp N e wT he Phoenix Co sTim k en C oTo m m y Hilfig er C orpTriad Gty In cT riad Hos ps IncT rust m ark CorpUnited Auto Gr pUnited Rentals In cUs R estaura nt P ropertiesVans IncVCA A ntech IncVital Signs In cWaddell Re e d F inl CL AWa shington Grou p Intl Inc Com N e wWaus au- M osin ee P a p er CorpWe b s t er F incl CorpWest e rn Digita l C o rpWolverine Tu beadjustments for t rade s in transi t

Fid elity Cash

1915 17,235 681 4 29 65,74 5 1 4

199 21 ,88 4 6913 91 22,253 441 5 42 24 ,67 6 . 64211 4 23,251 03

9 14 42,04 7 8216 3 8 30,305 . 46

7 82 26,58 3 004 7 24 28,3 4 1 1231 13 38, 9 16 632 3 93 26,3 2 3 6024 01 24 ,0 1 3 501 0 64 3 0 , 853 0 114 1 1 38 ,106 . 22

6 02 22 , 8 68 391 8 53 33,354 7826 31 21,046 9 3

21 7 53, 1 6 8 2426 05 18 , 2 34 3010 89 20,686 4439 86 54 , 81 3 3 3

7 15 8,580005 69 1 1, 086 92

(28,964 6 4 )4 , 184 ,134 8 9

13 8 ,3 14 7 1

4 ,322,44 9 6 0

4 ,3 22 ,44 9 60

3 4 2214 052 1 5 3

17 816 9128 . 4812 . 04200614 8150 3533 . 2 72 9 . 2 7

31 319261 7 041 1 4130 9 8

3 2 723 4 633 9713 524 5 861 1 7963

30,798 006 4 ,630 .002 3, 683 0028 , 480 .0 027 ,056 0031,328 0055,384.0037,111 0050,35 4 0030, 21 0 004 1,5 8 7 5032 , 19 7 003 1 ,30 0 0055,854 0046,008 0043,35 8 0055, 7 6 4 0026,1 6 0. 0057,4 77 002 3,77 9 0025,688 0063,05 7 5014 ,1 48 0012 , 285 00

5 , 366 , 324 25

1 3 8 ,3 14 7 1

5 , 504 , 638 96

P age 6 o f 6

Attachment to Fo rm 990 -PF , Pa rt I V

The W ilbu r & H il da Gl enn Fam ily FoundationC love r Capi ta l Managemen tF i de li ty Account #479 -601268From 0 1- 02- 03 Through 12- 31 - 03

E IN 58-632889 6

Open C lose CostDate Date Quantity Security Bas is Proceeds Short Term Long Term

11/27/200211/27/200211/27/200211/27/200211/27/200211/27/200211/27/200211/27/200211/27/200211/27/200211/27/200211/27/200211127/200211/27/200211/27/200211/27/200211/27/200211/27/200211/27/200212/10/200211/27/200211/27/200211/27/200211/27/200211/27/200211/27/200211/27/200211/27!200212/6/200211/27/200212/27/200211/27/200212/27!200211127/200211/27/200211/27/200211/27/200211/27/200211/27/200211/27/200212/6/200212/6/200211/27/200211/27/200211/27/200211127/200211/27/200211/27/200211/27/200212/20/200212/4/200212/3/200211/27/200211/27/200211/27/200211/27/200211/27/20023/10/20034/15/200311/27/200211/27/200211/27/2002

1/2/20031/2/20031/2/20031/2/20031/3/20031/3/20031/3/20031/9/20031/14/20031/15/20031/15/20031/16/20031/22/20031/22/20031/22/20031/23/20031/24/20031/27/20031/27/20031/28/20031/28/20031/29/20031/30/20031/24/20032/7/20032/7/20032/7/20032/10/20032/10/20032/11/20032/13/20032/13/20032/13/20032/19/20032/20/20032/24/20032/28/20032/28/20033/12/20033/12/20033/12/20033/12/20033/12/20033/12/20033/25/20033/28/20033/31/20033/31/20034/2/20034/9/20034/14/20034/14/20034/14/20034/16/20034/17/20034/22/20034/25/20034/25/20034/25/20034/28/20034/28/20034/30/2003

300 Community First400 Firstment Corp300 IDX System s

2000 Soundview Technology Group Inc600 Hibernia Corp Cl A700 Hearst-Argyle

1400 Ruddick Corp550 Commerce Group In c700 New York Community Bancorp500 Graftech Intl LT D300 Smithfield Foods Inc900 Mueller Ind250 Applied Films Corp600 Community First500 Community First400 Community First300 Applied Films Corp100 Applied Films Corp

1700 Alpharma Inc1800 Stewart Stevenson Services400 Stewart Stevenson Services500 Valmont Ind s

1150 Valmont Ind s300 Applied Films Corp900 Efunds Corporation300 Georgia Gulf Corp400 Briggs Stratton Corp700 Efunds Corporation100 Efunds Corporation800 Callaway Gol f

4300 Knight Trading Group400 SWS Group Inc

4300 Knight Trading Group350 Nara Bancorp1000 Rayovac Corp500 Nice Systems Ltd Adr F Sponsored A

1300 Rayovac Corp1300 Rayovac Corp900 Checkfree Corp New

2800 Daisytel Intl Corp2300 Efunds Corporation

100 Efunds Corporation400 Marvell Technology Group

1600 Wausau-Mosinee Paper Corp600 Hibernia Corp Cl A

1900 US Oncology1500 Lennox Intl1300 Timken Co1500 Tommy Hilfiger Corp600 FEI Company600 Brooks Pri Automation600 Brooks Pri Automation900 Brooks Pri Automation

1000 Unifi In c1700 Unifi In c1400 Semco Energy Inc800 Texas Reg l100 Texas Reg]90 Texas Regl

1500 Carreker Cor p1600 Western Digital Corp225 Checkfree Corp New

20 ,052 51 20 , 892 11 839 6020 ,385 40 20,444 00 58 60

2 , 161 10 2,69491 533 815,72376 5, 911 56 187 80

25,351 02 24, 28045 ( 1 ,07057)4 ,203 18 4 ,938 28 735 1 0

14 ,026 65 12 , 797 51 (1 ,229 14)11 ,221 32 10, 236 89 (98443 )

1 , 681 2727 , 949 0421 , 622 5 0

4 , 442 0011 , 217 6025 , 800 4 8

5 , 043 818 ,401 326 , 127 95

16 , 790 526 ,534 36

909 7 110 , 535 2021 ,669 42

5 , 563 36

1,7949428 , 466 6625 , 503 4 2

5 , 667 4310 , 480 3323 , 746 785,414056,769236,71076

16 , 297 105 , 197 7 6

742 548 , 847 73

20 , 965 3 05 , 556 31

113 676,517623,880 921,225 43(737 27 )

(2,053 70)370 24

(1,632 09 )582 81

(4 93 4 2)(1,336 60 )

(167 17)(1,687 4 7)

(70 4 12 )(705 )

7, 439 3914 ,093 804 ,385 65

18 ,321 9418, 321 9417 , 552 5221 , 054 0420, 923 33

909 719,21672

17 , 420 1611 , 673 8417 , 186 0 727 , 426 3024 , 180 9112 , 082 80

9 , 340 448 , 708 348 , 563 08

11 , 737 895 , 209 408,85598

7 , 787 2612 , 909 814 , 739 35

16 , 296 4316 , 070 7117 ,816 5 83,91260

15 ,001 06652 2 2

7,7174815, 664 1610, 541 3814, 414 9327 , 403 8521 , 082 4710, 637 2810, 141 864 , 972 154, 972 147, 458 224 , 309 797 , 485 25

3 4 7 87( 1 , 1 83 99 )

353 70(2,025 5 7 )(2,251 23)

264 06(17,1 4 1 44)

(5,922 27)(257 49)

( 1 , 4 99 24)(1,756 00)( 1 , 1 32 46)(2,771 14)

(22 45)(3,098 44)(1,445 52 )

801 4 2(3,736 19)(3,590 94 )(4,279 67)

(899 61)(1,370 73 )

27,719 0 4 28,856 40 1,137363,252 81 3,60705 354 24

- 3,2 46 35 3,2 4 6 358,318 85 4,74847 (3,570 38)

12,955 84 14 ,935 29 1,979454,388 13 5.84461 1,45648

Page 1 of 33

Attachment to For m 990 -PF , Part I V

The Wilbu r & Hi lda Glen n Fam il y Fo u nda tion EIN 58 -6328896Clover Capi tal ManagementFidel ity Account #479- 601268From 01 -02- 03 Th rough 12 - 3 1- 0 3

Open Close CostDate Date Quantity Security Basis Proceeds Short Term Long Term

1 1 /27/2002 4/30/2003 450 Rayovac Corp 6,34221 4,71060 (1,631 61 )4/29/2003 5/5/ 2003 2600 Crompton Corp 15,032 16 16,690 17 1,658012/7/ 2003 5/5/2003 2200 Calpine Corporation 7, 417 30 11,780 88 4 .3635812/24/2002 5/5/2003 200 Calpine Corporation 641 30 1,07099 429 6911/27/2002 5/5/2003 1600 Integrated 6,500 00 8,998 61 2.4986111/27/2002 5/6/2003 200 R aymond James Finl 6,54314 5,771 46 (771 6 8 )3/10/2003 5/6/2003 200 Trimble Nav 3,44400 4,86963 1,4256311/27/2002 5/6/2003 1200 Trimble Nav 16,901 64 29,217 79 12,316 1511/27/2002 517/2003 1100 Integrated 4,46875 5,961 71 1,4929611/27/2002 5/8/2003 300 Integrated 1,21875 1,56346 34 4 7111/27/2002 5/9/2003 400 Briggs Stratton Corp 16,790 52 18,401 65 1,611 1311/27/2002 5/9/2003 500 Integrated 2,031 25 2,589 87 558 6211/27/2002 5/12/2003 300 Checkpoint Systems 3,30975 4,141 57 831 8211/27/2002 5/12/2003 900 Integrated 3,65625 4,73377 1,077523/10/2003 5/12/2003 500 Integra ted 1,961 60 2,62988 6682811/27/2002 5/12/2003 500 SWS Group Inc 6,95420 8,61524 1,661 043/10/2003 5/13/2003 400 Dendrite Intl Inc 3,484 00 4,418 87 934 871 1 / 27/2002 5/13/2003 700 Dendrite Intl Inc 4,03648 7,733 02 3,696 54

3/10/2003 5/15/2003 50 Inamed Corp 1,67850 2,14540 466 9011/27/ 2002 5/15/2003 250 Inamed Corp 6,761 35 10,726 99 3,965 64

3/10/2003 5/21/2003 400 Millennium Chemicals 4 ,096 00 4 ,666 86 570 86

11/27/2002 5/21/2003 1600 Millennium Chemicals 16,352 48 18,667 44 2,314963/10/2003 5/22/2003 200 HCC Ins Hldgs Inc 4,910 76 5,441 26 530 5011/27/2002 5/22/2003 500 HCC Ins Hldgs Inc 11,831 40 13,603 16 1,771 7611/27/2002 5/27/2003 2800 Allegheny Tech 18,901 40 16,099 23 (2,802 17)11/2 7/200 2 5/28 /2003 400 Checkfree Corp N ew 7,801 12 9,752 1 8 1,951 0611/27/2002 5/28/2003 300 Discovery Partners Intl 960 69 1,21827 257 5811/27/2002 5/28/2003 300 Mastec Inc 1 .23825 989 41 (248 84)12/11/2002 5/28/2003 500 Ohio Casualty Corp 6,65505 5,93202 (723 03)11/27/2002 5/28/2003 1000 Ohio Casualty Corp 13,062 40 11,864 04 (1,198 36)

5/29/2004 New York Community Bank 9 14 9 1411/27/200 2 6/2/2003 700 Checkfree Corp N ew 13,651 96 17,766 14 4 ,1 14 18

1 1/27/2002 6/11/2003 1800 I DXSystems 30, 4 6 2 12 26,076 63 (4 ,385 49)

11/27/2002 6/11/2003 750 Keynote Sys Inc 6,14093 7,11064 969 7111/27/2002 6/12/2003 700 Mans Warehouse 12,369 35 14 ,529 35 2,16000

11/27/2002 6/13/2003 500 Mans Warehouse 8.83525 10,249 31 1,41406

11/27/2002 6/16/2003 1000 Mastec Inc 4,12750 5,09595 968 451 1/27/2002 6/16/2003 800 Mans Warehouse 14, 1 36 40 16,224 83 2,08843

11/27/2002 6/19/2003 675 Checkfree Corp N ew 13, 1 64 39 18,215 23 5,0508411/27/2002 6/20/2003 2300 Mastec Inc 9,493 25 11,522 45 2,029 204 / 17/2003 6/23/2003 600 Cabot Oil Gas 14 ,950 38 16,868 86 1,918483/10/2003 6/25/2003 4 00 Acx